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#1
07-25-06, 12:44 PM
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I have no problem with a couple of the small European poker sites not wanting U.S. players.
Until the BIG sites take action, and it would be extremely stupid and premature for them to do so now, I'm not worried. Now... can I envision our stupid government passing more laws and targeting the online poker industry in the next 3 years? Sadly, yes. And that's why I'm a part of the Poker Players Alliance and have written my congressmen. Other than that though, there's not all that much I can do. |
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#2
07-25-06, 01:47 PM
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Should I start keeping close records of my poker winnings/losses if the IRS is told to get discriminatory in who they audit?
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I need 'em for my footsies. |
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#4
07-25-06, 02:05 PM
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I do, but do I need to start really figuring out the best way to "reduce" my profits...I actually have every penny I have ever made or lost, back to high school change games...
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I need 'em for my footsies. Last edited by lightfungus; 07-25-06 at 02:10 PM. |
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#6
07-25-06, 02:14 PM
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Like start withdrawing from aunty M in the casino...?
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I need 'em for my footsies. |
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#7
07-25-06, 02:27 PM
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Live game losses are a bitch.
Keep good records. |
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#8
07-25-06, 03:35 PM
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Bingo.
 Although this brings up an interesting point. Your online profits and losses are technically trackable. But what happens with live games? I would guess that The IRS would not count non-legal home games or underground clubs for reported losses. The ATM idea is smart. Here's another thought. Some casinos are trying to introduce those little monitors in place of real cards right? Basically an online game at the casino. Govt bans online poker. If you want to play poker online or live, it must be at a casino. You must log-in, swipe players card or whatever and presto, they now have records of every penny you win/lose. (excluding homegames/clubs of course). Kind of scary thought isn't it? I'm not saying this WILL Happen, just that it's not that far off of an idea.
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3rd Grade Reading Level! Last edited by ChipFish; 07-25-06 at 03:43 PM. |
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#9
07-25-06, 03:55 PM
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The ATM is always a good idea. You'll see me there at least a few times while in Vegas this week.
As for live play, the IRS accepts your written records (your poker log) as backup for your reported wins/losses. As long as you keep good records, they have no choice but to accept them. |
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